According to new research compiled by CommercialEdge — and supported by Kidder Mathews’ Q2 Phoenix Industrial Market Report, seen on Page 7 — Phoenix leads the country in industrial development, with close to 24 million square feet of space currently under construction. To put that into perspective, the Phoenix Metropolitan area comprises slightly less than 0.4% of the U.S.’s total landmass, yet the region’s industrial development makes up 9% of the nation’s total supply. And, an additional 31 million square feet are in the planning stages!
This issue also highlights NAIOP Arizona, one of the strongest CRE organizations in the state. In a special section that begins on Page 57, NAIOP members offer their perspectives on the industrial, office and retail sectors in a roundtable discussion. And don’t miss 11 pages of member projects, ranging from massive manufacturing plants to state-of-the-art office facilities. With so many great structures under development and in the planning stages, one thin
